IoT and semi investor joins Crayfish.io China-focused accelerator fund

Shenzen-based DB investment management (DBI) has joined the Crayfish.io accelerator as the second anchor investor opening up further opportunities for UK and European semiconductor and IoT companies to join the programme and get ‘China-ready’.

Two months since its launch, the ‘China-ready’ investment programme for UK and European companies has increased by £2.33m.

DBI’s investment focus is on IoT and semiconductors, in industries including automotive electronics, consumer electronics, technologies applied in database facilities, as well as technologies for augmenting manufacturing processes.

They are interested in companies coming though the Crayfish.io accelerator with opportunities ranging from platform to core algorithm; wireless communication technology to terminals devices; and tools through to end products.

Those companies looking to be ‘China-ready’ can now secure anything up to £1 million through the Crayfish.io accelerator without requiring a presence in China which provides a quicker way of accessing Chinese investment.

Started in September 2019 with original anchor investor UK-China Enterprise Fund, DBI now add a $3 million contribution to the accelerator.

Ting Zhang, founder and CEO of Crayfish.io said: “We are very honoured to have DBI engaged in the Crayfish.io accelerator – they are allocating $3 million of a $10 million fund to our programme which shows the trust and belief they have in us as an organisation.

Fred Cai, CEO at DBI said: “When it came to identifying the right investment opportunity for the UK and Europe, it became clear that the Crayfish.io accelerator was the top choice for us at DBI to work with. Our ability to expand markets for IoT and semiconductor prospects, made this a robust fit for both parties.”